Oct 18 2021
“An online Talent Assessment Software is a standardized tool to assess and calibrate the employability of a candidate based on technical/domain skills, psychometry, and culture-fit of the candidates.”
What is an Online Talent Assessment Software?
An online Talent Assessment Software is a standardized tool to assess and calibrate the employability of a candidate based on technical/domain skills, psychometry, and culture-fit of the candidates. Online Talent Assessment Software provides an automated way for HR professionals to simplify and fasten the recruitment process.
All good, but anything that an organization invests in, be it supplies, workspace, personnel, software need to reap benefits for the organization i.e., prove a sizable ROI. In this article, we are sharing how organizations have benefited and continue to benefit from a Talent Assessment Software.
Benefits of an Online Talent Assessment Software
Benefit #1: Shorter Time-to-hire
It is one of the most important metrics in the recruitment process. Time-to-hire is the time taken to fill an open job position. It includes the time at which the job post is created to the time the new hire is onboarded to fill the position.
How does a Talent Assessment Software shortens the time-to-hire?
Benefit #2: Lower Cost-per-hire
Cost-per-hire is the total amount of money invested to recruit a new employee. The costs for hiring a new employee include the investment in job sourcing, ATS, pre-employment software, the salary of recruiters.
The cost-per-hire increases if the organization fills the position with a bad hire.
How a Talent Assessment Software lowers the cost-per-hire?
Benefit #3: Better quality-of-hire
Quality-of-hire is the metric to gauge the technical knowledge/competency and learnability of a candidate. It is a function of the employee’s performance on the job over a period of time.
How a Talent Assessment Software brings in a better quality-of-hire?
Benefit #4: Higher Success-of-hire
Success-of-hire is the most important metric of all. Success-of-hire is the measure of a quality hire who not just has an impressive resume but, upon hiring, stays at an organization for more than 18 months and proves to be a HiPo – High performing employee (top 30 %tile) over a period of time.
HR managers can now use predictive hire decisions in essence, Xobin’s AI provides an objective ‘Recommended‘ or ‘Not Recommended‘ test result which is interpreted from the technical/ core competency assessment and psychometric assessment test results.
How a Talent Assessment Software helps HR managers to predict if a candidate proves to be a successful hire?
Signup with Xobin for a 14-day FREE trial, lessen your recruitment complexities and reap long-term benefits.
Xobin on the hrtech.sg marketplace & 2021 Singapore HRTech Marketmap
Guruprakash Sivabalan (Aka- Guru) is the Founder and Chief Executive Officer of Xobin. Being an avid learner of technology and human psychology, Guru likes to build and sell software that amplifies the potential of people and makes them more efficient.
After spending several years interacting with CXOs of Tech businesses. Guru realized a gap when it comes to recruiting people efficiently. This inspired him to start Xobin - A Pre-Employment Assessment Platform.
Before starting Xobin, Guru founded SRM Search Engine(SRMSE) and led a team of 71 young engineers. SRMSE was funded and acknowledged by NIXI (DEITY), Govt. Of India. LinkedIn
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